MortgageLogic.news (Page 50)

CRA's Electronic Income Verification: A Test of Patience

Robert McLister Sep 06, 2024 11:57 PM ET

📙"Budget 2024 announces the government’s intention to consult with the mortgage industry on making available a tool through the Canada Revenue Agency to complement the existing strategies of financial institutions to verify borrower income for mortgages." —Page 88 of Budget 2024 Mortgage lenders and originators have been

Mortgage Market Makeover: 2024 Edition

Robert McLister Sep 04, 2024 4:31 PM ET

Canada's monetary barbers have trimmed another 25 bps off the top. The Bank of Canada lowered its overnight rate to 4.25% today, sending four key messages in the process: 1. "We need to increasingly guard against the risk that the economy is too weak and inflation

What Rosenberg's Magic Recession Indicator Says

Robert McLister Sep 01, 2024 11:58 PM ET

With the inflation roller coaster of 2021-'23 and its savage rate hike cycle still fresh in our memories, millions of Canadians dread the thought of re-inflation. They worry that the BoC will yell "Psych!" — and that rate cuts will boomerang back as hikes, punishing them for

One-on-One With Reverse Mortgage Pioneer: Steve Ranson

Robert McLister Aug 31, 2024 7:50 PM ET

If you depend on a reverse mortgage for cash flow or sell them for a living, Steve Ranson has made your life better. In his quarter-century heading up Canada's first and biggest reverse mortgage company, the team he led made the product significantly less expensive, more feature-rich, less

Real Estate Boost: Hello, 3.99% Rates?

Robert McLister Aug 30, 2024 12:38 AM ET

The last time 5-year fixed rates were this close to 4%, ChatGPT wasn't even a thing. And here we are, with the insured variety now as cheap as 4.19%. With a decent U.S. PCE inflation report on Friday and #dovish# jobs data next week, 3.99%

CRA's Electronic Income Verification: A Test of Patience

Mortgage Market Makeover: 2024 Edition

What Rosenberg's Magic Recession Indicator Says

One-on-One With Reverse Mortgage Pioneer: Steve Ranson

Real Estate Boost: Hello, 3.99% Rates?

Under the Monoline Hood With CMLS's Andrew Gilmour - Part II

Canada’s GDP: Stunning On the Surface. Hollow in the Centre

Global Banks Now Predict a Fed Cut in 2 Weeks